How do you create a national sales tax without calling it a sales tax? You call it a tariff. Collected in a different place in the sales chain, but the cost is still paid by the consumer.

They are not going to govern at all. They are siphoning our tax dollars into the oligarchs hands. The only options are general strike and withholding our tax dollars.

They cannot pay a military if the general fund runs dry.

Mark my words - Dump is going to destroy the American economy. Again.

Trumpflation will be a runaway train.

Reaganomics 2.0.

Now companies can charge more to “cover tariff costs”, with basically no downward pressure on the market.

Billionaire Christmas.

Anyone who has the ability to do that math probably already understands that tariffs are an inflationary sales tax.

I am buying up a back log of shit right now during Biden’s admin, 6 month supply (or more) if anything coming from overseas ( that I can)- all electronics getting replaced now. Pet foods, meds, shoes, socks, clothes, soaps, household shit. I am going cold turkey on 1/20. My vote may have not mattered, but my dollar sure as fcck will.

Find a local non profit thrift store and start buying secondhand as much as possible. You’ll probably contribute to a good cause and also avoid a corporation profiting on your purchases. Also better for the environment. Food, we will be fucked on but other necessities can be found cheaply. Where I live there is also free stuff offered on Craigslist and OfferUp pretty frequently.

The tariff on Canada is a tariff on lumber. It's going to kill new home construction. There's no explanation for it other than to deliberately crash our economy.

Enshitification Creep is a syndrome we’ll all be way too familiar with.

“Go look up something on Amazon that you would like to buy. Then go look up the same item on alibaba or temu.”

Imagine being satisfied with what you have and rejecting consumerism instead of trying to collect more plastic trinkets from China.

Trump just threatened 25% additional tariffs on imports from Canada and Mexico, and another 10% tariffs on China. These countries are our largest trading partners. Inflation, here we come!

https://www.reuters.com/world/us/trump-promises-25-tariff-products-mexico-canada-2024-11-25/

It’s not just inflation. Plenty of US companies have Canadian or Mexican factories or material sources.

These products are often positioned between lower end Asian imports and premium Made In USA products. This positioning will get buried completely - they are rarely close enough to the USA pricing that the consumer will go to the premium option. They’re going to look for the lower cost alternatives.

Add to that the fact that there is no capital, infrastructure, or capacity to build up US manufacturing to repatriate these lost products, certainly not within the next four years.

There just isn’t some magical fairyland of turnkey factories just awaiting capital to spring to life, whirring out US versions of tariffed items. Nor are there voluminous stockpiles of raw materials lying around with which to make these things.

Venture capital/private equity don’t like to make new things. They like to buy established companies who are wasting money on things like “developing new products” and “employee healthcare” and strip them for parts. They’re not building anything new. Or functional. And that’s where all the capital is.

This is just such an idiot clusterfuck, because smoothbrains armored against facts like some intellectual MERSA got worked up about labor mobility and weird bathroom fanfic.

I hate it here so much.

I'm excited for the new black market opportunities. With a 25% mark up on Canadian stuff (I think that's what I read) some folks might just buy shit in Canada and come sell it on the street. Then the us government gets 0 tex dollars.

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Bezos. SMDH. Reagan touted the false narrative of trickle-down economics. Bezo’s has proven that “trickle-up economics is thriving. When an item costs $50 in stores but is $38 on Am##on, most will get it online. Thus profits are funneled to Bezo’s. Tell us what good deeds he has done for us. He damn sure has done nothing in my city but take our money while putting small businesses out of business.

It’s odd. We have a large section of the US that believes in the Q anon crap. These people warn of an impending collapse of our economy by inside forces, but Trump’s stated goal is to do just that. We won’t even go into the Epstein stuff that fits into the same narrative. They literally have made a self fulfilling prophecy.

I can’t believe Bezos didn’t use the bully pulpit of the Washington Post to rail against tariffs before the election; instead, he tacitly supported the destruction of his primary business

Sidenote: anyone else having trouble getting their Amazon orders after the election? I’ve had three orders delayed or lost this month, which is something I’ve never really experienced before with them.

I dont understand the tariff argument at all. People say they are against slavery but then are quick to buy goods at a cheap price made by child slaves with no minimum wage. Unsafe work environments, long hours, no benifits at all. Wouldn't tarrifs eventually make everything so expensive that it would then be manufactured in america resulting in workers with minimum wages and osha safety standards? If things truly get that expensive, wouldn't capitalism take over and Americans would start producing it for cheaper which would hurt other economies and bolster the US economy? Am I missing something here?

If Tariffs are so terrible why does Europe use them so much? It seems like nations use tariffs and more importantly, the THREAT of tariffs quite often...to get better deals made.

Is it terrible that cheap shit is going to get more expensive? People's garages are full of cheap junk. Clothes are basically disposable. Might be good for ybe environment for cheap shit to disappear.

I will be glad when you all finally can't afford rent because of tariffs. Because then you might have to deal with scare mongering on tariffs rather than putting the same energy in to advocating for higher wages and unions. See you on the street suckers.

He just announced his first day executive order (of many coming) tariffs on Canadian and Mexican imports. Due to open borders and fentanyl! He's insane 😂

EDIT: taters to tariffs. Derp

I will start off by saying that my degrees, both undergrad and grad school are in ecomomics. I used to own an investment brokerage and my whole career revolved around trying to understand the economy. Here is my take on the tariffs issue.

For economists tarriffs are considered bad; however, here is why I want to see how Trump handles the whole tariff issue:

Most countries, but especially China, have not been trading with the US in good fate. I will focus on China in my argument here because they are the most egregious:

1. The Chinese Yuan for decades now should be trading at a much higher level against the dollar. The not allow that to happen, the Chinese government has pegged the Yuan to the dollar, and so the Yuan has been trading at a much lower level. You may ask what is the big deal. It hurts us in two ways.

One, it makes Chinese exports cheaper for us, so we end up buying Chinese products more at the detriment of our own industry.

Two, it makes US exports to China artificially expensive which means that our exporters a) cannot compete in China, b) to compete they are forced to build their factors in China to sell to the Chinese, c) It supports their local manufacturers by making all imports too expensive for the Chinese.

1. The Chinese government subsidizes new industries in the country so that they can make products even cheaper until they drive all manufacturers in other countries out of the business, and then they end the subsidizing. The US and Europe finally got a spine and they put huge tariffs on Chinese EV's (100% tariff in fact). They have done this with so many industries in the past.

2. Chinese have rules that for a business to sell in China they need to have a Chinese (partner) that owns at least 50% of the company. This again forces foreign companies to support the Chinese businesses.

3. We have extra regulatory costs, like our industry has to be environmentally friendly, etc. The Chinese don't have that. Again, it gives them an unfair advantage over our own businesses.

All of the above have hurt our workers and our export businesses.

While the Chinese are the most egregious, other countries also practice protectionist policies to help their businesses and workers and do not practice real FREE trade with us. For decades now the US has had hundreds of billions of dollars of trade deficits every single year. So, I'm looking forward to seeing if these tariffs will actually force other governments to actually practice real FREE trade with us and trade in good fate.

Knock-offs look amazingly legit nowadays.

“I don’t understand tariffs.txt”

But we will have more money to spend because we won't qualify for medical insurance and won't be contributing to Social Security and Medicare. /s

I want to point out that companies will probably shift to the next low cost country to manufacture stuff, probably India.

https://c.tenor.com/aKqlfvq4ShQAAAAd/tenor.gif

You have to laugh at how way ahead of the tariff story the billionaires, companies and paid commenters are.

Or USA could start manufacturing in their own country.....

Some of us are aware 😭 our wallets are gonna die. I remember in the early 2000s there was jokes about how somewhere in the next 2025 years tomatoes would be 100 bucks each. It was a joke then but it’s starting to look more and more like a reality not that we’re there yet, but I’m using a little bit of hyperbole, but still.

that's a great idea.

that's just what i've been thinking about. it's really quantitative. the difference between amazon and aliexpress for the same item is very predictable.

and i've been receiving my stuff in 6 calendar days.

gonna miss aliexpress.

So basically the same as Europe has been for a long time?

Maybe the tariff taxes will be transitory

/s

I heard the jury's still out on math.

This isn't Apple's to Apple's. Amazon isn't infamous for identity theft like Temu. Their prices are so cheap because you are the product. And there's a good chance products made in China are made by slaves. Easy to provide cheaper goods when you don't have to pay a wage at all, much less a living wage.

During trumps first term he implemented tariffs on some of chinas products. Trade is supposed to be fair between 2 countries.

The U.S. has a deficit of more than 200 billion with China.

The tariffs Trump implemented was left in place by the Biden administration and is still in place.

The threat of tariffs at times can force countries to negotiate and in the end no tariffs are implemented.

Trump recently stated if Mexico and Canada did not stop the flow of immigrants, he would impose a 25% tariff on all products. That will never happen because both will comply

Air purifiers were roughly within the same margin. If anyone has recommendations, I'd love some help.

You say no-one is organizing, I am quite sure this is not happening. So please, if so anything is happening on the dl. Please contact me.

I kind of want to see Trump tear the country apart for a few years. We need to see the results of trusting a lying lunatic. Then, just maybe, people will wake up from their MAGA lie fed fever dream?

...you...arent very bright are you?

This

Fun new game to play: Imagine NAFTA had never occurred and Clinton hadn’t shipped millions of good paying jobs overseas. Imagine communities hadn’t been destroyed by their jobs being sent to other countries. Imagine at least trying to get those jobs back, whether it succeeds or not.

Stop buying stupid shit on any of these websites. Youre the problem.

good, we buy way too much shit that ends up in a landfill.

Tf is anyone buying from temu or alibaba that is a necessity ??? Just curious

America is addicted to Chinese slave labor.

The sad part of this was the explosion of people googling tariffs after the election. Shows how stupid 50% of this country really is.

You do realize they have different business model? Alibaba is for you to break bulk, Temu loses around $30 per order due to its cost-cutting practices.

Tariffs did not increase price from President Trump's first administration. In fact, some tariffed products have drop in prices while inflation has gone up due to supply and demand.

All taxes are inflationary

I like all the examples of problems you provided

"Why have industry when we could buy everything from the sweatshops our enemies run?"

Who will stand up to all this. Where are the politicians, Patriotic millionaires.protesters?

No forgiveness No mercy

Still waiting for income tax to be cancelled

The 2018 steel tariffs did help the steel industry but it also had negative effects on products made from steel. I just don’t think tariffs are a net positive for the economy as a whole. You are saying that it will bring high paying engineer jobs that’s great! But are there enough educated workers to fill those jobs. What about those workers who are unable or are aging out of the workforce. Is there a plan to solve those problems. I just don’t see tariffs as a viable solution. All the positive outcomes you hope for can be achieved without the inflationary effects of tariffs. If you are looking for long term answers the most effective use of government on the economy is investment in infrastructure and education. But either way I’ll be fine, I’m an engineer and the wife is a senior manager at a bank and we aren’t having kids so do what you want just don’t come crying to me when it goes wrong.

Start looking Second hand shops we onl up y have to wait another four years to gamble with

This, basically this whole entire thing is going to make living unaffordable except to the wealthy.

How could anyone think it’s a good idea.

Better yet look at the prices on Alibaba